Individually Owned 
For Sale
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926 Fay Blvd, Cocoa, FL 32927
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Property summary
AI-generated overview
This exceptional commercial property, located at 926 Fay Boulevard in Cocoa, Florida, presents a unique investment opportunity. The property encompasses a substantial 0.8-acre lot, providing ample space for a variety of commercial ventures. A pre-existing building, measuring 1,300 square feet, offers immediate potential for use or redevelopment. The building's current configuration is unspecified, allowing for flexible adaptation to suit diverse business needs. The strategic location on Fay Boulevard in Cocoa ensures high visibility and accessibility, making it an ideal site for businesses seeking a prominent presence in a thriving community. The property's size and location combine to offer significant potential for growth and return on investment. This is a rare opportunity to acquire a substantial commercial property in a desirable location, ready for immediate use or future development. The asking price of $672,500 reflects the property's considerable value and potential. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. Further details regarding zoning and permitted uses are readily available upon request. Don't miss this chance to secure a prime commercial asset in the heart of Cocoa, Florida.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,315 SF
Lot
0.8 ac (34,848 SF)
Zoning code
BU1A
APN
23-35-13-BE-0000A.0-0000.00
UPID
US18-0653182
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Restaurant
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$260k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$260k
Owner & transaction history
since 2012
3 recorded transactions
Zoning & alternative use
BU1A · Cocoa, FL
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 3 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
Professional Plan · 30 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$260k
Value range
$234k – $286k
±10% around blend
Estimated value / SF
$198 / SF
Confidence
Low
3 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
30
Income certainty
100
$234k
blend $260k
$286k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
1,315 SF
Lot area
0.8 ac
Year built
1960
Stories
1
APN
23-35-13-BE-0000A.0-0000.00
Zoning
BU1A
Assessed value
$165,690
Annual tax
$3,526
3
Income approach: direct capitalization
Partial preview
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$3,526
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$621k
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
9.8 mi away · 1,400 SF
27.6 mi away · 1,582 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$260k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 112 sales
$340
-42%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $198/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Market benchmark
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
Selected market yield
2.23%
Selected cap rate for this turn key restaurants
Derived from the Cocoa market rent, vacancy and expense benchmarks for this use type.
NOI (est.)
$15k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$672k
Move the market yield to see immediate price impact.
Value / SF
$511
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
1.73%2.23%2.73%
$13k
$780k
$605k
$494k
$15k
$866k
$672k
$549k
$16k
$953k
$739k
$604k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$1.51M
6.9 mi · Oct 2025 · $1,002/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,526
Tax year 2023
Assessed value
$165,690
Assessed 2023
Previous assessed
$155,610
+6.5% YoY
Effective rate
2.13%
On assessed value
Assessed land
$69,730
Assessed improvement
$95,960
Land market value
$69,730
Improvement market value
$95,960
Total market value
$165,690
Applied tax rate
1,900.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
For Sale
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
1,315 SF
Lot
0.8 ac (34,848 SF)
Zoning code
BU1A
APN
23-35-13-BE-0000A.0-0000.00
UPID
US18-0653182
Jurisdiction
BREVARD
Zoning & alternative use
BU1A · Cocoa, FLZoning BU1A · permitted uses
BU1A · Cocoa, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Building & site characteristics
From public records
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
0.8 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
BU1A
Jurisdiction
Cocoa, FL
Recorded code
BU1A
Ownership Intelligence
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Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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